Disney is preparing for a major round of layoffs ahead of its May earnings announcement, both Variety and Reuters report, citing sources. The cuts are aimed at further streamlining divisions like home video, which has fallen-off amid broader industry declines, and studios, where Disney has started focusing less on in-house productions. Any cuts wouldn’t be coming out of the blue. Disney already has been active in paring down its video game operations, for one, and announced earlier this week that it was shuttering LucasArts and layoff staff from that gaming business.